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EXPLAIN TRANSACTIONS AND ADJUSTMENTS / TUTORIALOUTLETDOTCOM

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EXPLAIN TRANSACTIONS AND ADJUSTMENTS / TUTORIALOUTLETDOTCOM

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  1. EXPLAIN TRANSACTIONS AND ADJUSTMENTS / TUTORIALOUTLETDOTCOM Meet us ….Here

  2. EXPLAIN TRANSACTIONS AND ADJUSTMENTS • Explain transactions and adjustments that occurred during • FOR MORE CLASSES VISIT • www.tutorialoutlet.com • Issued 199,000 shares of $4-par-value common stock for $796,000 in cash. • Borrowed $540,000 from Oglesby National Bank and signed a 10% note due in three years. • Incurred and paid $420,000 in salaries for the year. • Purchased $740,000 of merchandise inventory on account during the year. • Sold inventory costing $590,000 for a total of $910,000, all on credit.

  3. EXPLAIN TRANSACTIONS AND ADJUSTMENTS / TUTORIALOUTLETDOTCOM Education is the key to success in life, and teachers make a lasting impact in the lives of their students….Meet us ….Here

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